• Caesars Entertainment average gross margin for 2023 was 57.47%, a 10.82% decline from 2022.
• Caesars Entertainment average gross margin for 2022 was 51.86%, a 7.72% increase from 2021.
• Caesars Entertainment average gross margin for 2021 was 56.2%, a 12.42% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.